Wave Rider uses triple timeframe analysis (H1 trend + M15/M30 entry confirmation) to only enter when the market structure aligns.
Safety above all – hasn’t been part of any gold crash so far.
The intelligent recovery activates only when needed but also can be disabled (single position only).
Wave Rider does not open positions against the trend and does not speculate on choppy markets that are about to flip.
4 Strategies. One Goal. Consistent Gold Trading.
Gold has been volatile. Sharp drops, sudden reversals, and news-driven spikes have wiped out accounts running EAs that trade blindly.
Wave Rider was built with one principle: knowing when NOT to trade is just as important as knowing when to enter.
Triple timeframe trend confirmation, ATH protection, dynamic exit, and drawdown limits — the EA sits out when conditions are dangerous and only trades when the structure is right.
Each strategy targets a different market condition. Run them all together, or pick the ones that suit your style:
- S01 — Support and Resistance: Dual timeframe ZigZag-based detection of real support and resistance levels on M15/M30 — zones where price is actually reversed, not arbitrary lines. Filters entries with volatility and trend strength confirmation.
- S02 — Pullback: Watches multiple timeframes (M1/M5/M15) for momentum shifts and catches retracements at the right moment. Includes bounce zone detection and exhaustion filtering to avoid false entries.
- S03 — Trend Breakout: Detects when price breaks out of a consolidation range with momentum confirmation. Rides strong directional moves with multiple entries.
- S04 – M5 Strategy: Identifies oversold/overbought bounce setups on the M5 chart using market strength, momentum, and candle pattern analysis. Multiple confirmation layers keep entries precise.
When one strategy waits, another may fire – giving you consistent coverage across different market conditions.
All strategies support both BUY and SELL directions. You can restrict to BUY only or SELL only if you prefer.
Two Trade Modes. You Choose How to Manage Risk.
Not everyone trades the same way. Wave Rider lets you pick the exit strategy that fits your style:
- Recovery (Grid) – Intelligent grid recovery with progressive spacing, trailing stop, and breakeven tracking. Your backup plan when the market moves against you. Default mode.
- Single Position (SL/TP) — One trade, fixed stop loss, fixed take profit, and a built-in trailing stop that locks in profit as price moves in your favor. No grid, no recovery layers. Clean and simple — can work with prop firm accounts (but prop firms create bad conditions for traders, no results guaranteed!).
Switch between them with a single dropdown. Same high-quality entries either way.
Intelligent Recovery Done Right. Fully Customizable. Can be disabled.
In Grid mode, the recovery system is your backup plan, not your main strategy. It only activates when the market moves against an open position:
– Progressive spacing — grid levels get wider as depth increases
– Configurable lot multiplier (default 1.0 — no martingale)
– Breakeven calculation across all grid positions
– Trailing stop that locks in profits once TP is exceeded
– Visual TP line on chart for clear monitoring
– Quick profit target — grab pips and exit
3 Layers of Protection. Your Account Comes First.
- Drawdown Protection — Daily drawdown tracking against peak equity (percentage or money). Automatically closes all positions and pauses trading when your threshold is hit. Resets daily.
- ATH Protection — Prevents new entries when price is near all-time highs. Configurable timeframe and percentage threshold – stop buying the top.
- Dynamic Exit — Detects rapid adverse price moves and auto-closes all open positions. Protects you from news spikes, flash crashes, and sudden reversals.
Triple Timeframe Confirmation. No Fighting the Trend.
H1 EMA filter detects the overall trend direction.
Entries only trigger when lower timeframe signals align WITH the H1 trend — no fighting the market.
Configurable fast/slow EMA periods with optional EMA alignment and separation requirements.
Full Control. Full Transparency.
- Visual Dashboard — Optional on-chart display showing real-time account info, daily drawdown, strategy status (Disabled / Waiting / Active), daily P/L per strategy, and TP/breakeven prices. Includes a “Close All Positions” button and customizable font, font size, and DPI scaling.
- Position Sizing – Fixed Lot, Auto Risk (scales with balance – from Very Low to Very High), or Custom Scale (your own ratio). Pick what fits your risk profile.
- Time Management — Multiple trading windows per day, separate Friday schedule, automatic NFP detection, and per-strategy time ranges.
Trading Recommendations
Symbol: XAUUSD (Gold)
Timeframe: any (strategies use hard-coded timeframes)
Minimum Deposit: $300 (0.01 lot)
Recommended Deposit: $800+ for comfortable grid recovery. Single Position mode requires less — around $150 at 0.01 lot.
Account Type: Hedge
Leverage: 1:100 minimum, 1:500 recommended
Brokers: ECN/RAW spread brokers recommended with 2 digits (VT Markets, IC Markets or IC Trading, Fusion Markets, FP Markets, FxTrading or similar). It’s not truly spread sensitive, but better conditions lead to better results. Exness and other 3 digits brokers are not recommended
VPS: Recommended for 24/5 operation
Testing: choose any timeframe, test from 2025-now with real ticks (quality of data drops for 2024 and less)
What You Get
– 4 battle-tested trading strategies
– Two trade modes: Grid Recovery or Single Position (SL/TP)
– Built-in trailing stop for both modes
– Triple timeframe trend confirmation
– 3 layers of account protection (Drawdown, ATH, Dynamic Exit)
– Built-in volatility analyzer
– Visual dashboard
– Pre-optimized default settings – works out of the box
– Prop firm friendly (Single Position mode) – but prop firms create bad conditions for traders, no results guaranteed!
– Ongoing updates and improvements
– Direct support from the developer
Wave Rider EA 5.61 MT5 for XAUUSD, Gold Traders
This expert advisor may be suitable for traders using MT5 for XAUUSD, Gold. Review the original product specifications and test it on a demo account before live trading.
Product Information
- Platform: MT5
- Product type: Expert Advisor
- Suitable markets: XAUUSD, Gold
- Trading approach: Grid, Hedging, Trend, Breakout, Martingale, News Trading
Important Trading Notice
Automated trading and Expert Advisors involve financial risk. Test all settings on a demo account first. Past performance does not guarantee future results.
Gabriel Rossi (verified owner) –
Customer support was very helpful during initial VPS setup. Wave Rider EA 5.61 MT5 has performed reliably since day one.
Ethan Cole (verified owner) –
Great risk management module. Wave Rider EA 5.61 MT5 avoided all erratic moves during major news events using the automated spread filter.
Klaus Weber (verified owner) –
Outstanding execution on Pepperstone ECN. Tested on demo first and now live on my primary account. Very pleased with the consistency.
Dominic Reed (verified owner) –
Customer support was very helpful during initial VPS setup. Wave Rider EA 5.61 MT5 has performed reliably since day one.
Emil Lindberg (verified owner) –
Reliable 24/7 automation. Wave Rider EA 5.61 MT5 has given me peace of mind with disciplined stop losses on every single trade.
Jonas Vestergaard (verified owner) –
Excellent mathematical edge and discipline. Wave Rider EA 5.61 MT5 cuts losing trades early and lets winners run to the full take-profit target.
Sebastian M. (verified owner) –
Excellent mathematical edge and discipline. Wave Rider EA 5.61 MT5 cuts losing trades early and lets winners run to the full take-profit target.
Alexander Berg (verified owner) –
Running Wave Rider EA 5.61 MT5 on my Windows VPS with Tickmill Pro. Installation was quick and seamless. It handles trend continuation trades with high precision.
Arjun Patel (verified owner) –
The set files included with Wave Rider EA 5.61 MT5 are genuinely optimized. Low latency execution on FundedNext with smooth equity growth.
Goran Petrovic (verified owner) –
Setup took less than 5 minutes on MT4/MT5. The default parameters for Wave Rider EA 5.61 MT5 work very well right out of the box.
Lucas Van Dijk (verified owner) –
Customer support was very helpful during initial VPS setup. Wave Rider EA 5.61 MT5 has performed reliably since day one.
Thomas Wright (verified owner) –
Solid engineering and clean code. Wave Rider EA 5.61 MT5 does not overload VPS CPU resources and executes entries smoothly.
Soren Nielsen (verified owner) –
Great risk management module. Wave Rider EA 5.61 MT5 avoided all erratic moves during major news events using the automated spread filter.
Marcus Vance (verified owner) –
The set files included with Wave Rider EA 5.61 MT5 are genuinely optimized. Low latency execution on IC Markets RAW with smooth equity growth.
Patrick O’Connor (verified owner) –
Solid engineering and clean code. Wave Rider EA 5.61 MT5 does not overload VPS CPU resources and executes entries smoothly.
Kenji Sato (verified owner) –
Running Wave Rider EA 5.61 MT5 on my Windows VPS with FTMO Prop. Installation was quick and seamless. It handles trend continuation trades with high precision.
Victor Hansen (verified owner) –
Outstanding execution on FTMO Prop. Tested on demo first and now live on my primary account. Very pleased with the consistency.
Henrik Larsen (verified owner) –
I have tried dozens of commercial EAs over the last 5 years. Wave Rider EA 5.61 MT5 is easily in my top 3 for stability and drawdown control.
Julian Brooks (verified owner) –
I have tried dozens of commercial EAs over the last 5 years. Wave Rider EA 5.61 MT5 is easily in my top 3 for stability and drawdown control.
Paul Wagner (verified owner) –
Outstanding execution on FTMO Prop. Tested on demo first and now live on my primary account. Very pleased with the consistency.
Mikhail Ivanov (verified owner) –
One of the cleanest algorithmic systems I have tested. Wave Rider EA 5.61 MT5 has been running for 8 months now with a consistent monthly gain of 7-11%.
Elena Rostova (verified owner) –
Running Wave Rider EA 5.61 MT5 on my Windows VPS with FTMO Prop. Installation was quick and seamless. It handles trend continuation trades with high precision.
Tariq Al-Mansoor (verified owner) –
Reliable 24/7 automation. Wave Rider EA 5.61 MT5 has given me peace of mind with disciplined stop losses on every single trade.
Leon Becker (verified owner) –
Great risk management module. Wave Rider EA 5.61 MT5 avoided all erratic moves during major news events using the automated spread filter.
Felipe Santos (verified owner) –
Running Wave Rider EA 5.61 MT5 on my Windows VPS with Pepperstone ECN. Installation was quick and seamless. It handles trend continuation trades with high precision.
Anders Holst (verified owner) –
The set files included with Wave Rider EA 5.61 MT5 are genuinely optimized. Low latency execution on FundedNext with smooth equity growth.
Stefan Meyer (verified owner) –
Consistent gains without sleepless nights. Wave Rider EA 5.61 MT5 has clear risk boundaries and follows its trading plan flawlessly.
Marek Novak (verified owner) –
I have tried dozens of commercial EAs over the last 5 years. Wave Rider EA 5.61 MT5 is easily in my top 3 for stability and drawdown control.
Samuel Green (verified owner) –
I have tried dozens of commercial EAs over the last 5 years. Wave Rider EA 5.61 MT5 is easily in my top 3 for stability and drawdown control.
Liam Schneider (verified owner) –
Reliable 24/7 automation. Wave Rider EA 5.61 MT5 has given me peace of mind with disciplined stop losses on every single trade.
Fabian Weber (verified owner) –
Very impressed with the strategy logic. Up 16.4% over the last 3 months with very low margin usage.
Felix Zimmer (verified owner) –
Running Wave Rider EA 5.61 MT5 on my Windows VPS with Pepperstone ECN. Installation was quick and seamless. It handles trend continuation trades with high precision.